Goldman Sachs has ended a ban on underwriting companies with all-White, all-male boards, becoming the latest corporate giant to scale back a DEI initiative.

Goldman Sachs has scrapped a diversity rule which barred it from advising all male, all white boards on company flotations. The now-ditched rule stated the investment bank would only help a business sell its shares on a stock exchange if it had two board members that fitted diversity requirements – one of whom had to

Goldman Sachs has ended its policy requiring IPO clients to have diverse boards, citing a legal ruling that ended a similar initiative at the Nasdaq.

Goldman Sachs have become the latest company to scrap their diversity programmes following the Trump administration’s signing of an executive order which was aimed at ending "radical and wasteful government DEI [diversity,

Goldman Sachs Group Inc. has changed its stance on underwriting initial public offerings (IPOs) for companies with all-white male boards. In 2020, CEO David Solomon announced that the leading investment bank would only take a company public in the United States or Western Europe if the organization had at least two diverse board members,